80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

For saleJust listed

Today

$950K

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

6 bd4 ba2 pk2,896 ft²

62 BARNESDALE Avenue South, Hamilton, Ontario, L8M2V4

4 bd3 ba4 pk2,096 ft²

Listed by Re/Max Escarpment Realty Inc.

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

For saleJust listed

Today

$849K

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

5 bd2 ba5 pk1,900 ft²

Listed by RE/MAX Escarpment Realty Inc.

14 Concession 11 Road East, Hamilton, Ontario, L8B1H8

For saleJust listed

Yesterday

$925K

14 Concession 11 Road East, Hamilton, Ontario, L8B1H8

6 bd2 ba6 pk2,250 ft²Lot size 100 × 216 ft (21,600 sq ft)

Listed by HOMELIFE REGIONAL REALTY LTD.

Investment analysis

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$2,399,900

Hamilton

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$2,399,900

For sale

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#1-8 65 MOUNT ALBION Road, Hamilton - Multi-family for Sale

#1-8 65 MOUNT ALBION Road, Hamilton, Ontario, L8K5S5

24 beds16 baths16 parking1,068 ft²31,015 sq ft (0.71 ac) lot sizeListed 14 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 1,068 sq ft of space. It has been on the market 14 days, fresher than the Hamilton average of 65 days.

Multi-Family Properties for Sale in Hamilton →All real estate in Hamilton →

Description

An exceptional and highly versatile investment opportunity awaits in a prime Hamilton location with this unique real estate package, featuring eight contiguous condominium units on Mount Albion Road offered entirely as a single portfolio block. Identified legally under Wentworth Condominium Plan Number 302, this entire multi-unit row asset consists of units one through eight, presenting a rare chance for a savvy landlord or investor to command a significant portion of an established condominium community. Three of the units have been completely renovated and are ready for immediate occupancy or premium rental rates, while the remaining five units provide an excellent value-add proposition through personalized updates and strategic renovations. According to the structural and exclusive-use framework verified in the registered plan of survey, each individual property benefits from distinct, dedicated boundaries including built-in lower-level garage parking and assigned front and rear yard exclusive-use common elements. This portfolio delivers ultimate exit flexibility, allowing an investor to generate immediate, scalable cash flow by operating the properties as high-yield rental units under the corporation’s clear tenancy guidelines, or to maximize capital gains by sequentially divesting the individual units into Hamilton's active retail resale market. (id:66096)

Property Details

MLS®: 40872889
Property Type: Multi-family
Zoning: RT-10/S-491
Bedrooms: 24
Bathrooms: 16
Parking: 16
Interior Size: 1,068 ft²
Lot Size: 31,015 sq ft (0.71 ac)
Frontage: 121 ft
Units: 8
Year Built: 1984
Storeys: 3
Basement: Finished, Full
Heating: Baseboard heaters
Cooling: None
Garage: Attached Garage
Ownership: Condo/Strata
Property Tax

Features

Exterior: Vinyl siding, Brick Veneer
Lot Features: Backs on greenbelt, Conservation/green belt, Paved driveway, Private Yard

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Hamilton listings, avg age

65d

Price / ft²

$2,247

List price

$2.40M

Haho

This 24-bed multi-family in Hamilton has been listed for 14 days, which is 51 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX Real Estate Centre Inc. · Paulo Ribeiro

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8K)

This home lists at $2,399,900, about 32.0× the local median household income of $75,000.

Carrying it typically needs a household income of about $468,784 (20% down, 25-yr amortization, stress-tested) — roughly 525% above the area median.

Median household income: $75,000
Population: 32,598
Median age: 42.4
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L8K)

$2,399,900· $2,247/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $479,980

Min 20%50%

Mortgage payment$10,235/mo

Property tax (est.)$1,602/mo

Total monthly$11,837

Cash Needed to Close

Down payment (20%)$479,980

Land transfer tax$46,473

Est. closing costs$9,700

Total cash needed$536,153

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